All banks and credit unions must adhere to other existing guidance applicable to investment policy requirements though the Division cautions that, despite the repeal of this bulletin. Regulatory Bulletin 2.1-104, Branch workplace Notice and Application treatments, had been updated to permit filing of notices and applications utilizing electronic media, such as for example through FDICconnect. The Division additionally combined its guidance for Fair Lending and CRA evaluation requirements into one bulletin, Regulatory Bulletin 1.3-106, Community Reinvestment and Fair Lending Policy, and updated Regulatory Bulleting 2.3-106, Deposit Return Item costs, to add the DivisionвЂ™s methodology for determining the cost.
Nutter Notes : In past rounds of the review that is regulatory initiative the Division has given revisions to
its regulatory bulletins associated with lending that is fair, I . t danger administration, restrictive rent covenants, CRA ranks, and marketing recommendations for CDs and cash market reports. The Division revised Regulatory Bulletin 1.3-103, customer Protection and Fair Lending exams, to simplify the DivisionвЂ™s authority to enforce state and regulations that are federal. Regulatory Bulletin 2.3-102, CRA reviews Policy, had been revised to simplify the applicability associated with the DivisionвЂ™s guidance to big organizations. Regulatory Bulletin 2.3-103, Alternative CRA Examination treatments, happens to be renumbered as Regulatory Bulletin 1.3-105 and updated to add Mortgage Lender Community Investment exams which are carried out by the Division at particular lenders.